Yeah it's in the news: KPMG LLP Singapore to cut salaries of middle to top management staff. The salary reductions will range between 5 and 7.5 per cent.
This is how it will affect me with effect from February.
All thanks to the Global recession which is happening now...
Well, I guess most people living on this planet will be affected in one way or another, whether directly or indirectly.
But i must really say kudos to the Singapore government whom has implemented measures and fork out about $20 billion to help the companies, enterprises and individuals of Singapore. Companies especially... the group that is the most affected. I feel that the Singapore govt is sincere to help to reduce the expenses for the companies and individuals, in the form of reduction in taxes and giving credits (job credits, GST credits, etc). Well, I guess we should be thankful and not ask for too much. More help may come depending on the economic situation as time goes by.
Of cuz, with the govt's help, I hope my co can consider lifting some of its measures so that the perks from the govt can be passed to the affected employees in some way. Will be awaiting good news from my MD...
Afterall, "KoPi Mai Guni" will not be a sweet place to be in if it's sugar level is too low! (Disclaimer: hey, this nickname is not given by me one ok? i heard from a colleague of mine de. jus a nickname onli lah...)
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